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of <h1>Finance Bill 2016: Resolve Indirect Tax Disputes Under Clauses 209-215 by Paying Tax, Interest, 25% Penalty</h1> The Indirect Tax Dispute Resolution Scheme, 2016, outlined in Clauses 209 to 215 of the Finance Bill, 2016, provides a mechanism for settling indirect tax disputes pending before the Commissioner (Appeals) as of March 1, 2016. This scheme applies to disputes under the Customs Act, 1962, the Central Excise Act, 1944, and Chapter V of the Finance Act, 1994. It allows declarants to resolve disputes by paying the tax dues, interest, and 25% of the penalty imposed. The scheme is applicable to declarations made until December 31, 2016, and involves various defined roles such as the Assistant Commissioner and designated authority.
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